When a seller allows a buyer thirty to sixty days to pay for a purchase, the sales arrangement is called
A) a bank loan.
B) trade credit.
C) a promissory note.
D) equity financing.
E) None of these answers is correct.
Question 2 - Your Best, Inc
Christie worked for a retail company and noticed there were many things it could do better. She shared some of her ideas with upper management, but it did not want to do things differently. When Christie went home to talk to her husband, they both realized that, given her passion, it would be better for Christie to open her own business. After a lot of consideration, she decided to open a sporting goods store called Your Best, Inc She also knew just where to open the storeright next to her house.
To be certain to address all aspects of the business, Christie hired a marketing research firm to determine the best location. Once all the research was compiled and analyzed, she realized that it would actually be better to open the store in a different area. She also realized that deciding where to locate the business was not the only major concern. More specifically, she would have to focus on the four elements of the marketing mix as well, creating a whole marketing plan. Her husband mentioned the possibility of using online information services to help with the business. With her husband's support and a good marketing plan, Christie felt that she would be prepared to make the right decisions.
Refer to Your Best, Inc If Christie were to use information services available online, they would offer her access to which of the following?
A) Databases
B) Financial assistance
C) Physical location
D) Production materials
E) Disposable income
Question 3 - While driving to work, Noel hears an advertisement on the radio about the annual blood donation camp organized by the American Red Cross. The American Red Cross emphasizes the importance of blood donation for the donor and recipient. This is an example of _____ marketing.
A) place
B) person
C) idea
D) event
Question 4 - All franchisors give geographical protection to their franchise holders.
Indicate whether the statement is true or false
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